The telecom infrastructure company plans to enter Nigeria, Uganda and Zambia with Airtel Africa as its anchor customer, while funding the expansion largely through debt
Stocks to Watch today: BEL, Coal India, L&T, HUL, Bank of Baroda, Tata Power, IndiGo, Tata Chemicals, HDFC Bank, Godfrey Phillips, Tata Motors PV, Indus Towers, among others, will be in focus today.
Telecom infrastructure firm reports modest profit growth in Q1FY27 as expenses outpace revenue, while customer-led network expansion supports performance
Nomura has maintained a 'Buy' rating on Indus Towers. The brokerage has kept its target price unchanged at ₹505, implying an upside of 30 per cent from its previous close of ₹388.55.
India's telecom sector is in a multi-year recovery, driven by ARPU improvement, structural data demand, and lower incremental capex, analysts at Elara Capital believe.
Shrikant Chouhan of Kotak Securities recommends 'Buy' on Indus Tower, and TVS Motor shares today. Check target prices, support, and resistance levels
If approved, this would be the company's first dividend announcement in three years, with the last payout being an interim dividend of ₹11 per share in May 2022
Jefferies has downgraded Indus Towers shares to 'Underperform', cutting target price to ₹375. The global brokerage stated renewal risks, rising capex, and pressure on earnings and valuations as risks